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The World Bank has approved implicit $1 cardinal dollars for infrastructure and reconstruction projects successful Iraq, Syria and Lebanon
BEIRUT -- The World Bank said Wednesday it approved implicit $1 cardinal dollars for infrastructure and reconstruction projects successful Iraq, Syria and Lebanon.
The biggest magnitude went to Iraq, wherever the World Bank approved $930 cardinal to assistance amended the country’s railway infrastructure, boost home trade, make jobs and diversify the economy.
The World Bank said the Iraq Railways Extension and Modernization Project volition amended services and summation freight capableness betwixt the Umm Qasr Port connected the Persian gulf successful confederate Iraq to the bluish metropolis of Mosul.
“As Iraq shifts from reconstruction to development, enhanced commercialized and connectivity tin stimulate growth, make jobs, and trim lipid dependency," said Jean-Christophe Carret, manager of the World Bank's Middle East division.
The World Bank besides approved for war-torn Syria a $146 cardinal assistance to assistance reconstruct reliable, affordable energy and enactment the country’s economical recovery. It said the Syria Electricity Emergency Project volition rehabilitate damaged transmission lines and transformer substations.
Last period Syria signed an statement with a consortium of Qatari, Turkish and U.S. companies for the improvement of a 5,000-megawatt vigor task to revitalize overmuch of its war-battered energy grid.
For Lebanon, which is recovering from the 14-month Israel-Hezbollah war, the World Bank approved $250 cardinal to enactment the astir urgent repair and reconstruction of damaged captious nationalist infrastructure and lifeline services.
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